21 Oct
Spanish economy

Investment trends and records in Spain (ICEX. October 2019 Edition)

ICEX has just released the update information about the Spanish economy and conditions for investment in Spain. The report include data on foreign investment in Spain from sources such as investments registration, FDI Markets and UNCTAD (October 2019 Edition)

Key facts

These are some of the key figures about Spain:

-World’s 13th largest economy and the 5 th largest economy in the EU: GDP worth 1.4 trillion USD.

-11th largest exporter of commercial services worldwide and 17th ranked exporter of merchandise trade in 2018.

-2nd country worldwide in international tourist arrivals and in receipts (1 st in Europe). More than 82 million international tourists in 2018.

– 13th largest economy in terms of accumulated inward FDI stock [644 Billion US$] and 13th in outward FDI stock in the world in 2017.

– Total population of 47 million. 5 million are foreign born.

-25 of the biggest Spanish companies have entries in Forbes Global 2000 largest companies in the world.

-Spain is the 10th most open country to Foreign Investment according to OECD’s FDI Restrictiveness Index

-Foreign companies in Spain account for more than 40% of the total industrial turnover yearly and 23% of the industrial employment

-Spain ranks 30th in the World Bank Doing Business Report, improving Business Climate for the 6th consecutive year

-The International analysis shows that Spain is a country with relatively moderate ratio between Tax Revenues (Including Social Security Contributions ) and GDP (34.4% GDP)

By: Estela Martín

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